Greece
Business
Founders of Greek Luxury Goods Empire Folli Follie Jailed
The founders of Folli Follie, the luxury goods manufacturing and retail company, were led into a Greek jail on Wednesday, pending trial on a number of charges, including fraud, money laundering, market manipulation and forgery.
According to the indictment, the...
Crime
Ten People Charged for Money Laundering in Folli Follie Case
A financial prosecutor on Friday charged 10 people for fraud and money laundering in the Folli Follie Group case.
Among the 10 people investigated are founder Dimitris Koutsolioutsos, his wife Katerina and their son Giorgos, who is also CEO and...
Business
Alvarez and Marsal Analysis on Folli Follie Shows Major Discrepancies
The Alvarez and Marsal report on the financial and legal audit of Folli Follie that was issued on Tuesday shows major discrepancies in the company's finances.
The report "Preliminary Restatement Findings with respect to the FF ASIA GROUP consolidated financial...
Business
Farmers Republic, The First Greek Super-Market Without Middle-Men
The first farmers’ supermarket without middle-men is about to open in Greece, in the region of Agios Stefanos. Both fresh and pre-packaged products from 150 producers will be stocked. The supermarket will also provide online ordering and delivery services.
This...